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SLB Jumps 11% Post Offshore Multi-Well EPC Contract Win From CNOOC
ZACKS· 2026-03-25 15:06
Key Takeaways SLB wins EPC contract from CNOOC for a 20-well subsea development in the South China Sea.SLB to supply pumps, trees, manifolds, connectors and control systems, along with commissioning services.Standardized design boosts efficiency, cuts complexity and speeds up installation timelines.SLB N.V. (SLB) announced that its OneSubsea joint venture secured a multi-well engineering, production and construction (EPC) contract from China National Offshore Oil Corporation (‘’CNOOC’’) for a subsea develop ...